Wednesday 15 August 2018
 
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Agility reports 18.7pc increase in Q2 earnings

Agility, a leading global logistics provider, has reported second-quarter earnings of 13.8 fils per share on a net profit of KD20 million ($65.98 million), an increase of 18.7 per cent over the same period in 2017. Agility's E

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Nestlé reports 19pc increase in net profit for H1

Switzerland-based Nestlé, a leading food and beverage company, has reported a that its net profit increased by 19 per cent to CHF5.8 billion ($5.84 billion) during the first half of 2018. The company also revealed that earn

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Plant-based product claims increase 62pc

Plant-based product claims increased at a compound annual growth rate of (CAGR) of 62 per cent globally from 2013 to 2017, with growth occurring on platforms such as plant proteins, active botanicals, sweeteners, herbs and seasonings and colouri

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Abu Dhabi carrier cuts losses in 2017

Etihad Airways today announced its financial results for 2017, showing increased revenues and shrinking losses - the result of a strategic review of its global business. In a statement released by Etihad, it reported a 1.9 per cen

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Etihad boosts services to Morocco

Etihad Airways, the national airline of the UAE, is boosting its popular services to Morocco to meet increased demand to and from its two gateways in the North African kingdom. Effective May 1, a three-class Boeing 787-9 Dreamline

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AI 'will help increase UAE GDP by 35pc'

The UAE will become the global centre of artificial intelligence (AI) by 2030 and AI technologies will help the country increase its gross domestic product (GDP) 35 per cent by 2031, said a report. The tehcnologies will reduce the

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Regional outbound travel spend to hit $110bn by 2025

Expenditure on outbound travel from the Middle East is expected to reach $110 billion by 2025, recent reports show. Highlighting the buoyant outbound travel market, data from various reports have shown that outbound business and l

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Gulf Air boosts Moscow service

Gulf Air today announced it will increase its Moscow service from four weekly to daily flights with a new operating schedule that will come into effect in the last week of October.   The boost in flights to Moscow coincides wi

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Globe Express Services reports 8pc increase in revenue

Globe Express Services, a logistics services firm, has announced an 8 per cent increase in its gross revenue across its offices worldwide for the first half of 2017 as compared to the same period last year. The company has attribu

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Emirates ramps up services to Cairo

Emirates will increase capacity on its services to Egypt from October 29, with the launch of four additional scheduled flights every week to Cairo. The four new flights will increase the number of frequencies between the two citie

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